Implementation of infrastructure projects through PPP is effective

June 28, 2018 by Thiha

Today, countries throughout the world are facing complicated challenges in various sectors, which cannot be overcome single-handedly. Countries having similar cultures, historical backgrounds and ideologies must unite to confront these challenges.
This is the best way to convert global challenges into regional opportunities for inclusive sustainable development.
Over the past 14 years, we have witnessed substantial achievements in the Sub-Mekong region through our cooperative efforts to attain sustainable development, narrow the development gap and complement ASEAN community building.
Cambodia, Laos, Myanmar and Vietnam (CLMV) agreed last weekend to increase the effectiveness of their roles in the cooperation mechanism to narrow the gap between CLMV and other ASEAN countries.
CLMV countries are situated in a geographically important location and have the advantage of low labour costs. However, there are factors that prevent our businesses from integrating deeply into the Asian network of production, goods and services.
The constraints are, in particular, poor logistics infrastructure and inadequacies in the creation of a favourable investment environment. Therefore, we should focus on upgrading weak transport and logistics infrastructures in the Mekong Sub-region.
Weak infrastructure, high transport costs, and associated limited access to markets and services are among the main causes of poverty in the region.
Myanmar has placed the highest emphasis on infrastructure projects related to connectivity, as the sector is playing an important role in promoting trade and people-to-people links.
Myanmar will participate in the development of east-west economic corridors of the Greater Mekong region countries and by implementing the Cross Border Transport Agreement, the development of the country’s social, economic and transport sectors will be substantial.
We also invite ASEAN business communities to invest in Myanmar’s Thilawa Economic Zone and Dawei and Kyaukpyu Deep Seaports, which will boost connectivity, and promote regional and international trade.
We should also take into consideration the private-public-partnership scheme, as one of the more effective methods for the implementation of our infrastructure projects.
The implementation of regional agreements such as the ASEAN Framework Agreement on the Facilitation of Goods in Transit is crucial for greater economic integration and connectivity among CLMV countries.
We should all note that trade facilitation through construction or upgrading of logistics infrastructure is not enough to attract investments and industrial firms to our sub-region.
The governments of the Sub-Mekong region need to launch specific policy measures to attract investments and industries to the region.

Source: Global New Light Of Myanmar

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Filed Under: Latest News Tagged With: Asean countries, Asean Framework Agreement, CLMV, Cross Border Transport Agreement, Infrastructure Projects, Mekong Sub-region, private-public-partnership scheme